LyfeAccounting

NOVEMBER 17, 2020

In addition, I didn’t know the requirements of income taxes, especially for self-employed individuals. I thought you just paid your income taxes once per year when you filed your tax return, but NO – I was penalized over $4000 because I didn’t make quarterly “ estimated tax payments ”.

income tax 52

income tax payroll tax payroll Tax 52

CPA Practice

MAY 15, 2024

At the same time, the nearly universal adoption of cloud-based accounting, payroll and management systems by businesses has made it easier for firms to work with clients in real time, providing rapid response to issues, as well as access to live data and account information. Now, on to the results!

Technology 69

Technology accounting firms cpas Account 69

Nancy McClelland, LLC

APRIL 11, 2023

It’s that time again… Tax Day is upon us and millions of taxpayers will need to have their returns extended for various reasons. The AICPA has released a “Tax Extension FAQ” for CPA members to share with their clients. An extension is a form filed with the IRS to request additional time to file your federal tax return.

Tax 98

Tax tax return CPA Illinois 98

MyIRSRelief

DECEMBER 15, 2022

This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks. Seek help: If the task is too overwhelming to tackle on your own, consider seeking the help of a professional, such as a local SoCal EA enrolled agent or CPA.

tax accountant 130

tax accountant Tax Account accountant 130

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

quickbooks 130

quickbooks payroll Technology audit 130

LyfeAccounting

JUNE 4, 2021

The IRS is looking at the income your business reports, and you report that income like it’s your own when tax time comes around. Generally speaking, you will pay… federal income taxes, state income taxes, and. self-employment taxes. …on the amount you report.

CPA 52

CPA income tax Tax accounting and finance 52

LyfeAccounting

APRIL 27, 2021

Usually, people are excited to receive a tax refund and it is really good news for them. . But as a CPA who prepared at least hundreds of returns, we can tell you that a tax refund is usually the result of a mistake. A tax refund is a refund of the taxes you OVER paid. The Child Tax Credit or CTC.

Tax 52

Tax income tax tax return accounting and finance 52